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transfer pricing deprtmnt

Ashish Tibrewal (job) (80 Points)

24 September 2010

WT is transfer pricing deprtmnt..??? wt do ths ppl wrk?

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5 Replies

Joey Tribbiani (fdg) (2010 Points)
Replied 24 September 2010

transfer pricing deals with transfer pricing issues under the income tax act (sec92). Their main work is to determine the arm's length price of international transaction between associate enterprises

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Ashish Tibrewal (job) (80 Points)
Replied 24 September 2010

thanx......
tell me 1 mor thng.....whih is betr fr a CA....transfr pricing OR statutry AUDIT....

Joey Tribbiani (fdg) (2010 Points)
Replied 24 September 2010

Both are different concepts of practise altogether,but transfer pricing is a new field and well paying one because the companies using these services are mostly MNCs.

it constitutes consulting whereas audit is function under law which has wi9de scope and many prospective clients

Ashish Tibrewal (job) (80 Points)
Replied 24 September 2010

actly 1 of my frnd has been offer in trnasfr pricing departmnt....in deloittes rathr thn statutry audit....in her articlship....so she wants to knw wheatr she shud do it or not?

Joey Tribbiani (fdg) (2010 Points)
Replied 24 September 2010

it is a good field,and i think she shud definitely go for it,audit you have to do it for one or two financial year in different companies and u hc ave requisite knowledge to hold u in good stead. On the other side,it will not help her in her studies as audit gives u an idea of whole of the syllabus which tyransfer pricing deptt might not be able to give :)